VIDEO: The Reality of America’s National Debt
America’s total debt now tops $15.2 trillion—the size of the entire economy. While this is a real concern, the greater problem is the growth of… Read More
America’s total debt now tops $15.2 trillion—the size of the entire economy. While this is a real concern, the greater problem is the growth of… Read More
President Obama visited the Pentagon on Thursday to outline his plan for gutting our nation’s military. Obama’s vision makes America more vulnerable to foreign threats… Read More
New polling data reveals that voters in Iowa and New Hampshire overwhelmingly believe the federal budget deficit is the most important economic issue facing the… Read More
Throughout his presidency — and especially over the last year — Barack Obama has turned toward a bigger federal government as the answer for fixing… Read More
Oregon cheese, IHOP pancakes, and a Hawaiian chocolate festival. Your mouth may be watering right now, but watch out—there’s a bitter aftertaste. These foodstuffs are… Read More
On the front page of the White House’s website, a clock slowly ticks away, second by second, counting down to the day, hour, minute, and… Read More
As the clock counts down toward Christmas, Congress still has major unfinished business to attend to. Not that we should be surprised. Emblematic of a… Read More
With fiscal year 2012 spending bills now at the brink of completion, The Heritage Foundation’s Appropriations Tracker: FY 2012 has been updated to reflect the… Read More
With Christmas just a week away and the new year nearly upon us, Congress came within a whisper of yet another potential government shutdown and… Read More
Education News
The “super committee’s” failure to reach an agreement to reduce federal spending is supposed to trigger automatic spending cuts—some of which could decrease funding for… Read More
Following the failure of the Joint Select Committee on Deficit Reduction, Sen. Pat Toomey (R-PA) criticized liberals for insisting that any deal include a massive… Read More
Liberals stumping for tax cuts are as rare as three-dollar bills and hardcover digital books, and for good reason. Devoid of any other organizing principle,… Read More
News
The Super Committee failed to meet its Thanksgiving to cut $1.2 Trillion from the federal budget. Now what? Click here to join our live “Lunch… Read More
Tax hikes were the focal point of the contentious, failed supercommittee negotiations designed to reduce the national debt by at least $1.2 trillion. Democrats wanted… Read More
With the failure of the super committee to recommend at least $1.2 trillion in deficit reduction, Congress’s latest attempt at budget control has collapsed. There… Read More
The congressional Joint Select Committee on Deficit Reduction, called the Supercommittee, announced today that it has failed to meet its statutory duty to recommend deficit… Read More
In 1969, as President Nixon’s Domestic Policy Council sought ways to spend the forthcoming “peace dividend”—savings projected from the wind-down of the Vietnam War—council members… Read More
Where can Congress’ “super committee” find its $1.2-trillion target in savings? The answer is hidden in plain sight. The money could come from Obamacare, to… Read More
EconomyNews
This week, the U.S. national debt clock hit a nightmarish milestone: a record $15 trillion. Words can’t even begin to describe the scope of borrowed… Read More
What’s a supercommittee to do? Total national debt just hit a new record at $15 trillion, an increase of approximately $700 billion since the Supercommittee’s… Read More
Seventy-two Members of the U.S. House of Representatives, including Representatives Patrick McHenry (R-NC) and Jim Jordan (R-OH), have joined 33 U.S. Senators in standing tall… Read More
Yesterday, the United States hit an unsavory milestone–$15 trillion in total national debt. Unfortunately, the number shouldn’t have come as a surprise. America’s debt has… Read More
Congress this week finds itself in a predicament of its own making. To show how serious they are about solving America’s deepening fiscal crisis, Republicans… Read More
What happens if the “super committee” fails to meet its target of $1.5 trillion in budget savings by Thanksgiving and sequestration is triggered? It would… Read More
The Heritage Foundation has consistently urged, and continues to urge, that the congressional Joint Select Committee on Deficit Reduction, known as the Supercommittee, “go big”… Read More
Cracks in the Budget Control Act’s (BCA) spending caps are growing more visible as negotiators near completion of the first three appropriations bills for fiscal… Read More
The left continues to resist any suggestion of spending cuts right now. In their view, a depressed economy is no time to slash spending; that… Read More
Among the more egregious failings of the Budget Control Act (BCA)—the proxy fiscal plan spawned by the summer’s debt ceiling debate—are a pair of gaping… Read More
It has been 12 months since the American people spoke resoundingly at the polls against overtaxing, overspending, and overborrowing, but memories can be short in… Read More
News
With its November 23 deadline fast approaching, the “super committee” created by the Budget Control Act is back in the news, and it is still grappling… Read More